PANews reported on March 22 that according to Cointelegraph, Iliya Kalchev, an analyst at digital asset investment platform Nexo, said that the consumer confidence index, fourth-quarter GDP, initial jobless claims and next week's crucial personal consumption expenditure (PCE) inflation data are very important. These data may affect the Fed's decision to cut interest rates. The market may now be more confident in the upcoming economic data. Cooling inflation and stabilizing economic conditions may further boost investor interest, thereby driving further increases in Bitcoin and digital assets.
Nexo analyst: Next week's PCE and other macro data may affect the Fed's interest rate cut decision, which may drive BTC's potential rise
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